Blockchain identity management can provide a single sign-on capability across all online services and platforms. This will eliminate the resetting and managing of various password. Blockchain identity management services allow end-users to manage access to all their accounts and applications using a single user identity and authentication factor. This saves the end-user significant time while accessing their services across multi-domain cloud-based or virtual applications.

According to a senior analyst at Technavio for research on IT professional services, “The demand for online security and increase in cybersecurity regulations are two factors that are expected to boost the growth of the market in the next five years as several enterprises would adopt the blockchain application for convenient and efficient functioning of the organization.”

Global blockchain identity management market: Segmentation analysis

The global blockchain identity management market research report provides market segmentation by application (end-point, network, and infrastructure), by end-user (BFSI), and by region (the Americas, EMEA, and APAC). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.

The Americas held the largest share of the market in 2017, accounting for over 41% share, followed by the EMEA and APAC respectively. The US recorded substantial investment and private funding in the blockchain identity management and other blockchain-related technologies in the recent years, which contributed to the high market share of the Americas.

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